S. 2605 115th Congress Senate

Reward Work Act

Official title: A bill to prohibit public companies from repurchasing their shares on the open market, and for other purposes.

Introduced: March 22, 2018 Introduced by: Tammy Baldwin Democratic · Wisconsin See on congress.gov

Finance and Financial Sector Administrative law and regulatory proceduresCorporate finance and managementLabor-management relationsLicensing and registrations

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SecuritiesSecurities and Exchange Commission (SEC)

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 22, 2018

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Mar 22, 2018

Introduced in Senate

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Latest action March 22, 2018

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Plain-English summary Congressional Research Service

Reward Work Act

This bill prohibits issuers from purchasing their own securities on a national exchange. The bill also requires one-third of an issuer's board of directors to be elected by employees in order for the issuer to be allowed to register securities.

Related & companion bills 1

Bill text 1 version